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  • Debt-for-nature swaps could give $100 billion boost to climate fight, says report

Debt-for-nature swaps could give $100 billion boost to climate fight, says report

(Reuters) – Debt-for-nature swaps, where poorer countries have debt written off in return for protecting ecosystems such as barrier reefs or rainforests, could provide $100 billion for the fight against…

Accenture: Large corporations on track to miss stated net-zero goals

More than 90 percent of large companies that have stated commitments to reaching net-zero emissions will miss such goals at their current pace, according to a new report. Among 2,000…

CBSL lanches the Sri Lanka Green Finance Taxonomy to enable low-cost funding for green initiatives

The Central Bank of Sri Lanka (CBSL) recently launched the Sri Lanka Green Finance Taxonomy with an objective to enable the country’s financial market participants to raise low-cost funding for…

Seven countries, including Sri Lanka and Chile, have agreed to stop using the dirtiest fossil fuel

Seven countries have signed a pledge initiated by the United Nations to stop building new coal power plants, with the aim to gather more signatures before the global climate summit COP26 in…

Children in Sri Lanka ranked 61st riskiest globally to the impacts of the climate crisis – UNICEF

Young people living in Sri Lanka are ranked at 61st riskiest globally to the impacts of climate change, threatening their health, education, and protection, according to a new UNICEF report…

Sri Lanka and IFAD partners to launch $42.7M project to reduce poverty and increase food security in the face of climate change

The International Fund for Agricultural Development (IFAD) together with the Government of Sri Lanka last week signed a financial agreement to launch the Smallholder Agribusiness and Resilience Project (SARP). The…

IFS outlines a three-year sustainability strategy

Sweden-based multinational enterprise software firm, IFS today announces its promise to sustainability through a plan to improve the company’s own operations, enable customers to achieve their sustainability goals, as well as…

The real estate industry needs to transform to serve the needs of people and cities

The real estate industry needs to transform to serve the needs of people and cities in the next decade, according to a new report released today by the World Economic…

Renewables overtook fossil fuels in EU electricity mix in 2020

(Reuters) – Renewables overtook fossil fuels as the European Union’s main source of electricity for the first time in 2020 as new projects came online and coal-power shrank, a report…